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  2. Early 1980s recession in the United States - Wikipedia

    en.wikipedia.org/wiki/Early_1980s_recession_in...

    Following the October 6, 1979 meeting of the Federal Open Market Committee, the federal funds rate increased gradually from 11.5% to an eventual peak of 17.6% in April 1980. [6] This caused an economic recession beginning in January 1980, and in March 1980, president Jimmy Carter created his own plan for credit controls and budget cuts to beat ...

  3. Early 1980s recession - Wikipedia

    en.wikipedia.org/wiki/Early_1980s_recession

    The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...

  4. Timeline of the history of the United States (1970–1989)

    en.wikipedia.org/wiki/Timeline_of_the_history_of...

    1981 – 1982 United States is part of the global recession, with national unemployment as high as 9%, with some areas much higher, and inflation as high as 13.5%. Early 1980s recession; 1981 – Kemp-Roth Tax Cut; 1981 – MTV signs on, becoming the first 24-hour cable network dedicated to airing music videos.

  5. List of recessions in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_recessions_in_the...

    Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...

  6. Recessions Explained: Definition, Warning Signs and What ...

    www.aol.com/finance/recessions-explained...

    The Great Recession–aka The 2008 Financial Crisis. December 2007. June 2009. 1 year, 6 months. The Early ’80’s Recession. July 1981. November 1982. 1 year, 4 months. The Mid-’70’s ...

  7. How 2023 Recession Will Differ From 2008 and How You ... - AOL

    www.aol.com/2023-recession-differ-2008-prepare...

    The hyperinflation of the early 1980s provided a blueprint for the Fed's action today. To cool an overheated economy, the Fed raises interest rates and tightens the money supply. That causes ...

  8. How the US Got Out of the Early ’80s Recession - AOL

    www.aol.com/finance/us-got-early-80s-recession...

    You might have noticed that things are getting more expensive, and if you've researched why, you know that inflation is at a 40-year high. The "40-year high" headline is so popular because that ...

  9. History of the United States (1980–1991) - Wikipedia

    en.wikipedia.org/wiki/History_of_the_United...

    When the 1990 oil price shock hit in mid-1990, consumer spending contracted and the economy entered recession. Unlike the early 1980s recession, the recession beginning in 1990 was relatively mild. Some of the hardest hit cities were in California and the Northeast, while much of the South was less affected.